HF Sinclair Co. (NYSE:DINO) Sees Large Growth in Short Interest

HF Sinclair Co. (NYSE:DINO) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 7,180,000 shares, a growth of 7.8% from the November 30th total of 6,660,000 shares. Based on an average trading volume of 2,080,000 shares, the short-interest ratio is currently 3.5 days. Approximately 4.2% of the shares of the company are sold short.

HF Sinclair Stock Up 2.4 %

HF Sinclair stock opened at $35.05 on Thursday. The firm has a market cap of $6.59 billion, a price-to-earnings ratio of 21.64 and a beta of 1.20. The firm has a fifty day moving average price of $39.30 and a two-hundred day moving average price of $44.86. HF Sinclair has a fifty-two week low of $33.47 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.06 EPS. As a group, analysts forecast that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.71%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Atanas H. Atanasov purchased 7,000 shares of HF Sinclair stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 17,000 shares of company stock valued at $628,370 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Aigen Investment Management LP acquired a new stake in shares of HF Sinclair during the 3rd quarter valued at about $1,253,000. Point72 Hong Kong Ltd acquired a new stake in HF Sinclair during the second quarter valued at approximately $723,000. Pine Valley Investments Ltd Liability Co bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $5,927,000. Thompson Siegel & Walmsley LLC raised its holdings in shares of HF Sinclair by 4.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock worth $47,268,000 after buying an additional 41,456 shares in the last quarter. Finally, River Road Asset Management LLC lifted its position in shares of HF Sinclair by 3.4% during the 3rd quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock worth $34,312,000 after buying an additional 25,041 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on DINO shares. Scotiabank decreased their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. BMO Capital Markets cut their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Piper Sandler decreased their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Finally, Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $51.45.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.